6918 Ridge Ave
Philadelphia, PA 19128
Wells Fargo Branch · Retail Property For Sale

Marcus & Millichap is pleased to present a single tenant Wells Fargo property located at 6918-6932 Ridge Avenue in Philadelphia PA. The Subject Property consists of a one-story retail building with a gross leasable area (GLA) of 4,000 square feet, a four-lane drive through, and is situated on a 1-acre (43,568SF) lot. Wells Fargo currently has 10 years remaining in the base term of a 20-year triple net (NNN) ground lease that commenced on May 1st, 2008. The ground lease has two 5-year options and 10% rental increases every 5 years throughout the base term and continuing through each option Period. Wells Fargo is located along Ridge Avenue (15,563 VPD) in the Roxborough-Manyunk neighborhood of Philadelphia which is Northwest of Center City. This is an established branch in this neighborhood with $149 million in deposits. The property is in an area with a population over 134,000 people living within a three-mile radius with an average household income of over $102,000. The subject property is in a dense residential area and is joined by other national retailers in close proximity including: ShopRite, CVS, WaWa, Target, Starbucks, and others. The Subject Property is also surrounded by two schools within walking distance and Wissahickon Valley Park. Wells Fargo provides qualified investors an opportunity to own an established and performing property, in a proven area of a dense and affluent section of Philadelphia.